There was news late yesterday that Newcastle’s new potential owners – presumably The Bin Zayed Group owned by Sheikh Khaled bin Zayed al-Nahyan – have submitted proof of funds to the Premier League.
And it’s from the well respected Financial Times who have provided an update on the sale of the club, and they say they have been told that proof of funds have been submitted.
However, the FT report does review what has happened over the last two days and they also raise some doubts about the sale.
Mike Ashley – difficult to do business with
They stress that two other groups are still in there trying to buy Newcastle.
The Financial Times’ report says that a source close to the Premier League has told them they have not received any documentation related to the takeover.
That’s something the initial report by the Sun two days ago said had already happened.
But the Premier League has been made aware of the potential Bin Zayed Group takeover in progress.
The Bin Zayed group has told the Financial Times that proof of funds and three years of audited financial statements had already been delivered to the Premier League.
So there are conflicting reports here – and that’s confusing and makes it difficult to know what exactly is happening.
But that’s hardly new for Newcastle, is it?
It seems that it’s difficult for Newcastle to do anything quickly or simply these days.
And we have to remember that owner Mike Ashley is a complicated and stubborn man to do business with.
The sooner we sign Rafa Benitez to a long term deal, and then some group buys Newcastle, the better it will be.
We believe that Sheikh Khaled bin Zayed al-Nahyan is a legitimate buyer and further along than any previous bid.
They seem determined to buy Newcastle, and they have the money to do it!